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3 vote

_____ is an implicit cost of production

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_____ is an implicit cost of production

A).  Wages of the labour

B).  Charges for electricity

C).  Interest on owned money capital

D).  Payment for raw material


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1 answers

1 vote
Answered by on | Votes 1 |

 Interest on owned money capital



Interest on owned money capital is an implicit cost of production. The costs in which there is no cash outlay, is known as Implicit Cost.

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